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UK-based insurance coverage dealer Howden has acquired Arctic Insurance coverage, strengthening its foothold within the Norwegian market.
Arctic Insurance coverage, an Oslo-based insurance coverage middleman, was arrange in 2014.
It specialises in providing property and casualty, monetary strains and specialty, pensions and worker advantages options.
Backed by monetary providers group Arctic Group, the Norwegian dealer caters to purchasers with specialty insurance coverage wants throughout varied sectors together with meals and beverage, recycling and waste administration, transport and finance.
With this acquisition, Howden Norway’s workforce has grown to 65 staff throughout two places of work.
Howden has been increasing its Nordic operations for greater than 20 years, with the opening of its first workplace in Finland over 20 years in the past, adopted by places of work in Sweden, Norway and Iceland.
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Howden Norway CEO Anders Kvan mentioned: “The acquisition of Arctic Insurance coverage, and with it the addition of a robust group of like-minded, entrepreneurial people, is a major step in our bold progress technique for Norway. It brings us one step nearer to changing into the main impartial dealer in Norway – a market that’s searching for extra selection and a broking associate that may handle and place complicated danger.
“Combining the specialist experience of Arctic Insurance coverage with the size of Howden’s worldwide footprint strengthens our place as one in every of Norway’s main brokers, able to offering the vary of bespoke options that our purchasers want in an more and more difficult market surroundings.”
As a part of its broader European enlargement technique, Howden just lately entered the Danish market with the acquisition of NORTH Danger, and bought VLC & Companions, an impartial insurance coverage dealer within the Netherlands.
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